Solvay completes acquisition of Flux Schweiß- und Lötstoffe GmbH
Solvay has finalized the acquisition of Flux Schweiß- und Lötstoffe GmbH (Flux), complementing its aluminum brazing capabilities and products with fast-growing formulations for automotive heat exchangers and stationary heat, ventilation and air conditioning units.
Flux, headquartered in Garbsen and with sales of €21 million in 2013, will become part of Solvay’s Global Business Unit (GBU) Special Chemicals whose NOCOLOK® aluminum brazing products are recognized as the industry standard.
Combining Solvay’s fluorinated chemical research and innovative capabilities with Flux’s outstanding know-how in formulations and applications will form a strong global platform for growth, bringing innovative and tailor-made solutions to customers.
As an international chemical group, SOLVAY assists industries in finding and implementing ever more responsible and value-creating solutions. Solvay generates 90% of its net sales in activities where it is among the world's top three players. It serves many markets, varying from energy and the environment to automotive and aeronautics or electricity and electronics, with one goal: to raise the performance of its clients and improve society's quality of life. The group is headquartered in Brussels, employs about 29,400 people in 56 countries and generated 9.9 billion euros in net sales in 2013. Solvay SA is listed as SOLB.BE on NYSE Euronext in Brussels and Paris (Bloomberg: SOLB:BB - Reuters: SOLB.BR).
SOLVAY Special Chemicals is world leader in selected specialities based on Fluorine, Strontium and Barium. The GBU leverages its distinctive knowledge to provide specialized products and solutions to selected industries, such as: NOCOLOK® Fluxes for automotive heat exchangers, SOLKANE® 365 as foam blowing agent in thermal insulation foams, fluorinated intermediates for agrochemicals, process chemicals for semiconductors, barium salts for electronic passive components, etc.